Feeds

Germans begin probe into BenQ Mobile collapse

'Whole staff been lied to'

The Power of One Infographic

German public prosecutors are looking into the bankruptcy of German mobile phone manufacturer BenQ Mobile.

Chief senior public prosecutor Christian Schmidt-Sommerfeld told the southern German daily Süddeutsche Zeitung that it has started an investigation into the bankruptcy of BenQ Mobile, but declined to discuss details.

Insiders say BenQ Mobile's management was fully aware of the company's cashflow problems as early as August, but didn't communicate them to its employees and deliberately delayed filing for bankruptcy. According to some reports, the company also made false statements about the number of BenQ handsets sold in Q2. Instead of the reported 10.7 million, it only sold 7.4 million handsets.

The whole staff has been lied to, the head of the central works council at BenQ Josef Michael Leuker told German news agency DPA earlier this week. The company's bankruptcy trustee and BenQ Mobile have both refused to comment.

When the former Siemens unit collapsed in September, over 2,000 workers lost their jobs. Siemens decided to set up a €30m hardship fund for workers affected by the closure. The group was savaged by leading politicians for selling its loss-making handset business to Taiwan's BenQ last year.®

The Essential Guide to IT Transformation

More from The Register

next story
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Google Nest, ARM, Samsung pull out Thread to strangle ZigBee
But there's a flaw in Google's IP-based IoT system
Microsoft unsheathes cheap Android-killer: Behold, the Lumia 530
Say it with us: I'm King of the Landfill-ill-ill-ill
All those new '5G standards'? Here's the science they rely on
Radio professor tells us how wireless will get faster in the real world
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
'Two-speed internet' storm turns FCC.gov into zero-speed website
Deadline for comments on net neutrality shake-up extended to Friday
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.